Homework Answers
| Date | Accounts and Explanation | Debit | Credit |
| Aug-13 | Bank account Dr | $ 16000 | |
| To Common capital | $ 16000 | ||
| (Being 8000 common shares issued 8000x 2) |
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Weston Corporation issued 8.000 shares of no par common stock for $2 per share on August...
Minnesota Corporation has two classes of stock: common, $2 par value; and preferred, $10 par value....
Minnesota Corporation has two classes of stock: common, $2 par value; and preferred, $10 par value. Requirements 1. Joumalize Minnesota's issuance of 3,000 shares of common stock for $15 per share. 2. Joumalize Minnesota's issuance of 3,000 shares of preferred stock for a total of $30,000 Requirement 1. Journalize Minnesota's issuance of 3,000 shares of common stock for $15 per share. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts...
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1. Record issuance of the stock if the stock: a. is true no-par stock. b. has...
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Axle Corporation recently organized. The company issued common stock to an inventor in exchange for a...
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On January 2, 2019, AC Inc. issued 50,000 shares of its no-par-value common stock ($50 stated...
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Minnesota Corporation has two classes of stock: common, $2 par value; and preferred, $10 par value. Requirements 1. Joumalize Minnesota's issuance of 3,000 shares of common stock for $15 per share. 2. Joumalize Minnesota's issuance of 3,000 shares of preferred stock for a total of $30,000 Requirement 1. Journalize Minnesota's issuance of 3,000 shares of common stock for $15 per share. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts...
Pates Corp. issued 11,000 shares of no-par common stock for $14 per share. Read the requirements Requirement 1a. Record issuance of the stock if the stock is true no-par stock. (Record debits first, then credits Select the explanation on the last line of the journal entry table Date Accounts and Explanation Debit ecounts and Ex Requirements 1. Record issuance of the stock if the stock: a. is true no-par stock. b. has stated value of $4 per share. 2. Which...
Florida Corporation has two classes of stock common, S4 par value, and preferred, 525 par value. Requirements 1. Journalize Florida's issuance of 4,500 shares of common stock for $15 per share. 2. Journalize Florida's issuance of 4,500 shares of preferred stock for a total of $112,500. Requirement 1. Journalize Florida's issuance of 4,500 shares of common stock for $15 per share. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts...
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